Earlier this month, Boardwalk Capital Management cemented its place among the ranks of sustainable and responsible investment firms. By becoming a signatory to the United Nations Principles of Responsible Investment, Boardwalk joins more than 700 firms, representing more than $17 trillion dollars, in adopting these ideals as part of their core investment philosophy.
Signatories to the UN PRI agree to incorporate environmental, social and governance issues into their decision making. They also agree to be "active" owners, promoting proper disclosure and behavior among their portfolio companies.
We are delighted to affirm these core values and look forward to the active exchange of ideas and best practices among the UN PRI membership.
For more information on the UN PRI, please visit http://www.unpri.org/principles.
Friday, March 11, 2011
Monday, March 7, 2011
40 percent of World's largest companies have no female directors
In its 2011 Women on Boards Report, GovernanceMetrics International, the leading independent global corporate governance and ESG research firm, shows that 40 percent of the world’s largest publicly listed companies have not appointed even one woman to their boards.
Even in major markets like Japan, Italy, the United Kingdom, and the United States women continue to be grossly under-represented on corporate boards. Not surprisingly, the issue of board diversity is generating a healthy level of public debate.
Read more
Even in major markets like Japan, Italy, the United Kingdom, and the United States women continue to be grossly under-represented on corporate boards. Not surprisingly, the issue of board diversity is generating a healthy level of public debate.
Read more
Tuesday, March 1, 2011
Report Suggests Investors Risk Trillions from Climate Change (Mercer pension consultants)
According to a report released Feb. 15 by consulting firm Mercer, inaction and lack of cooperation surrounding climate change has the potential to cost institutional investors trillions of dollars over the next 20 years.
The report, Climate Change Scenarios – Implications for Strategic Asset Allocation, was a collaborative effort between Mercer and a group of global investors who represented approximately $2 trillion in assets under management. It analyzes, through four climate change scenarios that extend to 2030, the potential financial impact on investors’ portfolios, and then identifies a number of steps that can be taken through asset allocation to mitigate the risks.
Read more here
The report, Climate Change Scenarios – Implications for Strategic Asset Allocation, was a collaborative effort between Mercer and a group of global investors who represented approximately $2 trillion in assets under management. It analyzes, through four climate change scenarios that extend to 2030, the potential financial impact on investors’ portfolios, and then identifies a number of steps that can be taken through asset allocation to mitigate the risks.
Read more here
Shareholder Resolutions Accelerate for Coal, Power and Oil Firms
BOSTON - Affirming the financial risks that climate change and other environmental concerns pose to leading energy companies, investors have announced the filing of 66 climate and energy related shareholder resolutions with 41 coal, electric power and oil companies in the 2011 proxy season, making 2011 a record for shareholder engagement in the energy sector, even in the face of Congressional inaction on climate change.
The surge in resolutions represents a 50 percent increase over the 44 resolutions filed with 31 coal, oil and electric power companies last year. Click to read more
The surge in resolutions represents a 50 percent increase over the 44 resolutions filed with 31 coal, oil and electric power companies last year. Click to read more
TIAA-CREF Advocates "Robust" Dialogue with Companies
TIAA-CREF, the US institutional investing giant with $453bn in assets under management, has updated its corporate governance policy to facilitate “a more robust” dialogue between companies and shareholders. The 37-page statement addresses executive pay, board elections, political contributions, and labour and human rights.
The revision is intended to inform people about the corporate governance and social responsibility practices it expects of companies in its portfolio. It also discloses how TIAA-CREF would vote on proxy resolutions at the more than 8,000 companies it invests in around the world.
“We’ve updated our guidelines to facilitate a more robust dialog between companies and their shareholders and to encourage more sustainable value creation,” said TIAA-CREF’s chief executive Roger Ferguson. Read more here
The revision is intended to inform people about the corporate governance and social responsibility practices it expects of companies in its portfolio. It also discloses how TIAA-CREF would vote on proxy resolutions at the more than 8,000 companies it invests in around the world.
“We’ve updated our guidelines to facilitate a more robust dialog between companies and their shareholders and to encourage more sustainable value creation,” said TIAA-CREF’s chief executive Roger Ferguson. Read more here
Blackrock Launches Sustainable ETFs on London Exchange
Global asset manager BlackRock has launched two environmental, social and governance-themed equity funds on the London Stock Exchange.
The firm's iShares exchange traded funds (ETFs) arm said the move, which features a global and a European fund, is in response to investors’ demand for funds which invest according to environmental, social and governance (ESG) criteria. Read more here
The firm's iShares exchange traded funds (ETFs) arm said the move, which features a global and a European fund, is in response to investors’ demand for funds which invest according to environmental, social and governance (ESG) criteria. Read more here
Surprise! News Corp is the World's First Carbon Neutral Company
And the award for first carbon neutral media company in the world goes to? Drum roll please! News Corp. Yes, you read right. The parent company of Fox News is a leader when it comes to climate change.
News Corp made the announcement just days ago. They achieved carbon neutrality through a combination of increases in efficiency and use of renewable energy as well as carbon offsets. Perhaps this shouldn't come as such a surprise. News Corp has ranked highly in the Carbon Disclosure Project reports for years.
Read more here
News Corp made the announcement just days ago. They achieved carbon neutrality through a combination of increases in efficiency and use of renewable energy as well as carbon offsets. Perhaps this shouldn't come as such a surprise. News Corp has ranked highly in the Carbon Disclosure Project reports for years.
Read more here
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